JPMorgan?s global CEO talks Asia

JPMorgan co-chief executive Donald Layton gave a speech and answered questions at the American Club in Hong Kong.

Asia has been a tremendous investment for us, was the message JPMorgans co-chief executive, Donald Layton delivered in Hong Kong on Friday. We believe that despite its volatility it is a high growth rate area. Thats why we have 8500 people in the region.

He noted the firm has faced a change of leadership in the region, with Asia chairman Anthony Leung becoming Hong Kongs financial secretary. However, he was philosophical about this.